.At the Board of Directors meeting on April 17, 2012 chaired by Pierre Bellon, Chief Executive Officer Michel Landel presented the Group’s performance for the first half of Fiscal 2012.
- Revenues: up 9.7% including 6.4% organic growth
- Operating profit: up 14.5% (16% excluding currency impacts)
- Group net income: up 17.9%
Objectives for Fiscal 2012 confirmed
Commenting on the results, CEO Michel Landel said:
“Our first half results are solid, demonstrating the relevance of Sodexo’s strategy and Quality of Life services offer, illustrated by the major contract wins of the past several months. Organic growth is increasing, driven by development of more than 10% in our Facilities Management services and in our Motivation Solutions activity.
In a tough economic environment, our teams are fully mobilized to provide clients the innovation and productivity they expect.
We are maintaining our full year Fiscal 2012 objectives of an increase of around 10% in operating profit based on organic revenue growth of between 6% and 7%, with acquisitions also impacting revenues by around 4%.”
To read the full version of the press release, please download the PDF:
Half year report